Xtract Resources ( (GB:XTR) ) has shared an announcement.
Xtract Resources Plc has commenced a diamond drilling program at the Silverking project in Zambia, aiming to advance its development through various objectives, including testing the depth and mineralized width of the main copper pipe and evaluating additional structures. This initiative, part of a joint venture with Oval Mining Limited, allows Xtract to earn up to a 70% interest in the project. The drilling program is expected to provide valuable data for future mine development, potentially leading to a high-grade open pit operation, which could significantly enhance Xtract’s position in the copper mining sector.
More about Xtract Resources
Xtract Resources Plc is a mining company focused on the exploration and development of mineral resources. The company is primarily involved in the copper mining industry, with a market focus on projects in Zambia, such as the Silverking copper mine.
Average Trading Volume: 796,920
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.28M
See more insights into XTR stock on TipRanks’ Stock Analysis page.